Google Inc Daily (26.05.2014) Chart Technical Analysis
The GOOGLE (GOOGL) daily chart shows the following signs:
GOOGL is on bullish trend reaching the KUMO cloud last week. The MACD is on bullish signal and get over the zero level and the RSI on bullish signal too. The Stock is over the EMA200, but it has to overcome the KUMO Cloud . The bullish sign is weak as the price is under or in the KUMO.
I expect that the stock could continue the long movement but it has to get over KUMO, as the Tenkan Sen must get over the Kijun-sen too. Otherwise the KUMO could be a resistance.
GOOGL is on bullish trend reaching the KUMO cloud last week. The MACD is on bullish signal and get over the zero level and the RSI on bullish signal too. The Stock is over the EMA200, but it has to overcome the KUMO Cloud . The bullish sign is weak as the price is under or in the KUMO.
I expect that the stock could continue the long movement but it has to get over KUMO, as the Tenkan Sen must get over the Kijun-sen too. Otherwise the KUMO could be a resistance.
